Luxembourg Ranks 24th in Europe for Startup Attractiveness

Startup Heatmap Europe, a benchmark report on the attractiveness of startup hubs in Europe, has released its SHM2021 on the top 50 most attractive startup cities in Europe; Luxembourg ranks 24th.

The annual survey, which was carried out between April and August 2020, questioned 1,295 founders about the attractiveness of European startup cities (i.e. 75 startup hubs). The questions included a wide variety of criteria including investments, job creation, meet-up activities, trends, diversity and performance.

39% of those questioned chose Berlin as the most attractive European city in which to start a company. Berlin was closely followed by London (36%), with both Amsterdam and Barcelona sharing third place (17%).

While Luxembourg only ranks 24th with 2% of the votes, the capital city received the highest rating (90%) together with Dublin and Tallinn in the category “Ease of Doing Business”. According to the survey, “[f]ounder ratings for Ease of Doing Business show that startup friendly regulation pays off for governments and that smaller hubs are well positioned to outperform the incumbents in this category".

This information was first published on Silicon Luxembourg.